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Stock Market & Financial Investment News

News Breaks
December 17, 2012
18:29 EDTLBTYALiberty Global opens voluntary and conditional cash offer for Telenet
Liberty Global (LBTYA) announces that its wholly-owned subsidiary, Binan Investments B.V., has opened its voluntary and conditional cash offer for the outstanding shares and other securities giving access to voting rights of Telenet Group Holding NV that it does not already own or that are not held by Telenet. The prospectus sets forth the next steps in the bid process and provides further justification of the Offer price and its attractiveness for minority shareholders. Shareholders will have until 16:00 (CET) on January 11, 2013 to tender their securities into the Offer before the initial acceptance period closes. Liberty Global believes that an Offer price of EUR35.00 per ordinary share is highly attractive for Telenet shareholders and provides a meaningful premium to relevant benchmarks. The Offer represents an opportunity for minority shareholders to monetize their investment in Telenet at an attractive price and through an expeditious process.
News For LBTYA From The Last 14 Days
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April 20, 2015
05:14 EDTLBTYALiberty Global subsidiary Telenet to acquire BASE Company
Liberty Global announced that its subsidiary Telenet Group Holding NV has entered into a definitive agreement to acquire BASE Company NV, the third-largest mobile network operator in Belgium in an all cash transaction valuing BASE Company at EUR 1.33B. This represents a purchase price multiple of 4.2x BASE Companyís estimated 2015 OCF, as adjusted for approximately EUR 145M of projected annual run-rate opex synergies. When the enterprise value is increased to include approximately EUR 240M of projected one-off investments and integration costs, the synergy adjusted multiple increases to 5.0x. This acquisition will enable Telenet to compete more effectively in a mobile market with significant growth opportunities, while offering a full range of fixed and mobile services to the benefit of consumers and businesses in Belgium. Telenet intends to finance the acquisition of BASE Company through a combination of EUR 1.0B of new debt facilities and existing liquidity. Giving pro-forma effect to the transaction and the completion of the intended financings, we estimate that Telenetís net leverage ratio under its existing bank facility, excluding synergies, would have been approximately 4.45x at December 31, 2014.
April 8, 2015
08:38 EDTLBTYALiberty Global volatility at one year low
Liberty Global overall option implied volatility of 26 compares to its 26-week average of 29 according to Track Data, suggesting decreasing price movement.

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